Apartment Building Construction Price Index, second quarter 2017
Contractors' prices for the construction of new apartment buildings rose 1.0% in the second quarter compared with the previous quarter. Nationally, this was the seventh consecutive quarterly increase.
Prices for new apartment building construction rose in all seven census metropolitan areas surveyed. Contractors working in Vancouver (+1.7%) reported the largest increase, citing higher costs to complete the structural components of apartment buildings as the largest contributor to the rise. Contractors in Montréal (+1.1%) attributed the rise in prices to the higher costs for building components related to the structural and architectural trades.
Apartment Building Construction Price Index, year-over-year change
Year over year, contractors' prices for new apartment building construction increased by 3.5%, led by higher prices in Vancouver (+6.9%).
Contractors in Edmonton (+0.8%) reported the first year-over-year increase in prices of new apartment building construction since the first quarter of 2016.
Note to readers
The Apartment Building Construction Price Index is a quarterly series that measures the changes in contractors' selling prices of new apartment building construction in seven census metropolitan areas: Halifax, Montréal, Ottawa–Gatineau (Ontario part), Toronto, Calgary, Edmonton and Vancouver.
Selling prices include the costs of materials, labour and equipment, provincial sales taxes where applicable, and contractors' overhead and profit. The costs of land, land assembly, design and development, as well as real estate fees, are excluded. Value added taxes such as the federal Goods and Services Tax and the harmonized sales tax are excluded.
With each release, data for the previous quarter may have been revised. The index is not seasonally adjusted.
A Historical Timeline of Canadian Producer Price Statistics
To celebrate Canada 150, A Historical Timeline of Canadian Producer Price Statistics, which is part of Statistics Canada — Infographics (), was created to showcase the key milestones in the history of Canadian producer price statistics. This historical timeline contains answers to questions such as: Who collected Canada's first statistics? What do Canadian producer price indexes measure? 11-627-M
Infographic: Producer Price Indexes at a Glance
The infographic "Producer Price Indexes at a Glance," which is part of Statistics Canada — Infographics (), demonstrates how producer price indexes for goods and services are calculated and why they are important for the Canadian economy. 11-627-M
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).
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